Orion Engineered Carbons Stock Market Value
| OEC Stock | USD 14.28 0.03 0.21% |
| Symbol | Orion |
Is Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Orion Engineered. If investors know Orion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Orion Engineered listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Orion Engineered Carbons is measured differently than its book value, which is the value of Orion that is recorded on the company's balance sheet. Investors also form their own opinion of Orion Engineered's value that differs from its market value or its book value, called intrinsic value, which is Orion Engineered's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Orion Engineered's market value can be influenced by many factors that don't directly affect Orion Engineered's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Orion Engineered's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orion Engineered is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orion Engineered's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Orion Engineered 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Orion Engineered's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Orion Engineered.
| 11/02/2024 |
| 01/31/2025 |
If you would invest 0.00 in Orion Engineered on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Orion Engineered Carbons or generate 0.0% return on investment in Orion Engineered over 90 days. Orion Engineered is related to or competes with Innospec, H B, Quaker Chemical, Minerals Technologies, Northern Technologies, Sensient Technologies, and Oil Dri. Orion Engineered Carbons S.A., together with its subsidiaries, manufactures and sells carbon black products in Germany, ... More
Orion Engineered Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Orion Engineered's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Orion Engineered Carbons upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.27 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 4.97 |
Orion Engineered Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orion Engineered's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orion Engineered's standard deviation. In reality, there are many statistical measures that can use Orion Engineered historical prices to predict the future Orion Engineered's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.54) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Orion Engineered's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Orion Engineered Carbons Backtested Returns
Orion Engineered Carbons maintains Sharpe Ratio (i.e., Efficiency) of -0.0176, which implies the firm had a -0.0176 % return per unit of risk over the last 3 months. Orion Engineered Carbons exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orion Engineered's Risk Adjusted Performance of (0.01), variance of 9.75, and Coefficient Of Variation of (5,680) to confirm the risk estimate we provide. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Orion Engineered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orion Engineered is expected to be smaller as well. At this point, Orion Engineered Carbons has a negative expected return of -0.055%. Please make sure to check Orion Engineered's treynor ratio, accumulation distribution, price action indicator, as well as the relationship between the potential upside and day median price , to decide if Orion Engineered Carbons performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Orion Engineered Carbons has very good reverse predictability. Overlapping area represents the amount of predictability between Orion Engineered time series from 2nd of November 2024 to 17th of December 2024 and 17th of December 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Orion Engineered Carbons price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Orion Engineered price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Orion Engineered Carbons lagged returns against current returns
Autocorrelation, which is Orion Engineered stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Orion Engineered's stock expected returns. We can calculate the autocorrelation of Orion Engineered returns to help us make a trade decision. For example, suppose you find that Orion Engineered has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Orion Engineered regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Orion Engineered stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orion Engineered stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orion Engineered stock over time.
Current vs Lagged Prices |
| Timeline |
Orion Engineered Lagged Returns
When evaluating Orion Engineered's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orion Engineered stock have on its future price. Orion Engineered autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Orion Engineered autocorrelation shows the relationship between Orion Engineered stock current value and its past values and can show if there is a momentum factor associated with investing in Orion Engineered Carbons.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Orion Engineered Carbons offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Orion Engineered's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Orion Engineered Carbons Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Orion Engineered Carbons Stock:Check out Orion Engineered Correlation, Orion Engineered Volatility and Orion Engineered Alpha and Beta module to complement your research on Orion Engineered. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Orion Engineered technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.